Daily Archives: June 21, 2010

There Will be No Budget This Year by Gregory Hilton

It is now official and there will be no budget this year, and the Democrats are also abandoning their promised middle class tax cut. We always knew this was going to happen, but it sure is fun to read their old statements about the importance of producing a budget.
Democrats will not produce a five year spending plan because they would have to outline spending cuts to meet their targets, and they would have to admit tax increases are coming. The Republicans have already proposed a balanced budget which restores the Bush tax cuts and eliminates Obamacare.
House Majority Leader Steny Hoyer (D-MD) has admitted Congress will not approve a budget. This will be the first time since passage of the 1974 Budget Act that the House has failed to pass a budget resolution. In 2002, then Democratic Leader Nancy Pelosi (D-CA) chided Congress for failing to pass a budget on the grounds that it “hurts America’s children.”
In 2006, then Democratic Whip Hoyer said, “Republicans are now on the cusp of failing to meet the most basic responsibility of governing.” In September 2006, Rep. John Spratt (D-SC), now the chairman of the Budget Committee, declared “If you can’t budget, you can’t govern.” House Republican Leader John Boehner (OH) noted today, “Democrats had righteous indignation when the Republicans were in control of Congress – but unfortunately for them, they also had their facts wrong. In reality, the House has never failed to pass a budget resolution.
“However, there have been four times when the House and Senate failed to agree on a final budget resolution. It’s understandable that Democrats are seeking to hide from their own reckless, job-killing agenda. After all, the gap between federal revenues and spending has never been as large as it is now in peacetime. This chart shows what the Democrats are running away from.”